Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    3615 S Railroad St Phenix City, AL 36867

    Sponsored
    For Sale
    Pending
    $675,000

    COMMERCIAL - Phenix City, AL

    Property size:
    11,564 SF
    Lot size:
    0.92 Acres
    Days on Market:
    9
    Last Refresh:
    Jan 17 at 11:06 pm

    Property Features for 3615 S Railroad St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    APN
    570502042003002
    Parking features
    Parking Lot
    Size
    11,564 SF
    Lot size
    0.92 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Heat Pump (Heating)
    Cooling system
    Electric
    Water source
    Public

    Building Details

    Year built
    1979
    Flooring type
    Carpet, Vinyl
    Building materials
    Brick

    We can help!

    Listing Contact
    Mike Foley
    Mike Foley

    kennon, parker,duncan & key llc (706) 256-4120 [email protected]

    Listing agent Mike Foley (706) 256-1000

    Listing date Jan 9, 2026

    Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Phenix City Commercial Building

    This commercial building offers approximately 11,564 square feet of office space with frontage on S. Railroad Street and visibility from Highway 280. Constructed in 1979 with an addition in 2006, the property features an office for the owner, reception areas, multiple conference rooms, and numerous private office spaces. A 5,700 square foot section of the building was recently renovated. The property, situated on 0.92 acres, was appraised for $930,000 in 2021. It has a potential gross rental income of approximately $10,000 per month.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Let's Paint Art Studio Molly Maid of Columbus, ... House Cleaning Service Fletcher's Gifts Collectibles Store The fancy chair covers Appliance Rental Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phenix City
    County
    Lee
    State
    Alabama
    Longitude
    -85.039242
    Latitude
    32.495864

    Nearby Similar for Sale

    • $250,000
      Pending

      Income-Producing Homes Investor Package

      Three single-family homes in Phenix City, AL, for sale.
      1900 10Th Ct, Phenix City, AL 36867
      View Details
    • $180,000
      1,987 SF

      Phenix City Commercial Building

      Versatile commercial building suited for office or professional use.
      1214 14Th St, Phenix City, AL 36867
      View Details
    • $180,000
      2,700 SF

      Move-in Ready Commercial Building

      Versatile commercial building suited for office or professional use.
      1214 14Th St, Phenix City, AL 36867
      View Details
    • $50,000
      1,760 SF

      Phenix City Commercial Corner Lot

      Commercial corner lot with potential in downtown Phenix City.
      1321 S Railroad St, Phenix City, AL 36867
      View Details
    • $250,000
      4,800 SF

      Turn Key Body Shop

      Operating body shop with equipment and materials included for sale.
      1404 14Th St, Phenix City, AL 36867
      View Details
    • $90,000
      Pending

      Phenix City Multi-Family Home

      Spacious 4-bedroom home, currently leased, great investment opportunity.
      1900 10Th Ct, Phenix City, AL 36867
      View Details
    • $219,900
      1,674 SF

      Phenix City Duplex: Investment Opportunity

      Updated duplex in Phenix City, AL with strong cash flow.
      1001 18Th Ave, Phenix City, AL 36867
      View Details
    • $795,000
      8.18 Acres

      White Oak Ridge RV & Cottages

      Newly developed cottage and RV community on 9+ acres.
      9 Pine Ridge Est, Phenix City, AL 36869
      View Details
    • $325,000
      1,542 SF

      Phenix City Freestanding Office Building

      Freestanding office building with five private offices in Phenix City.
      608 17Th St, Phenix City, AL 36867
      View Details
    • $675,000
      Pending

      Phenix City Commercial Office Building

      Commercial building with office space and road frontage, visible from highway.
      3615 S Railroad St, Phenix City, AL 36867
      View Details
    • $325,000
      1,542 SF

      Phenix City Freestanding Office Building

      Freestanding office building with five private offices in Phenix City.
      608 17Th St, Phenix City, AL 36867
      View Details
    • $189,900
      1.00 Acre

      Phenix City Commercial Corner Lot

      One-acre corner lot with multiple structures and C-3 zoning.
      1813 S Railroad St, Phenix City, AL 36867
      View Details

    FAQs

    What type of property is this?
    Office building - Commercial building with office space and road frontage.
    Where is this office building located?
    The property is located at 3615 S Railroad St Phenix City, AL.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: - Potential gross rental income of approximately $10,000 per month.; - High visibility from Hwy 280 and Railroad Street.; - Large office space: 11,564 +\/- sq ft.
    (706) 289-7653
    Request Owner's contact information
    3615 S Railroad St Phenix City, AL 36867
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3615 S Railroad St
    Phenix City, AL 36867
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3615 S Railroad St Phenix City, AL 36867
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mike Foley
    Mike Foley
    Real Estate License ID: 184384
    (706) 289-7653
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.